SK Hynix just gave investors a very clear signal about where the AI trade is headed. Shares in the South Korean memory chipmaker jumped roughly 12% on June 25, 2026, the day after the company filed plans to raise up to $29.4 billion through American depositary receipts on Nasdaq.
The original target for this same offering, floated back in March 2026, was $14 billion. The final figure more than doubled, which says everything about how hungry US institutions are for AI-adjacent exposure right now.
What SK Hynix is actually doing
The mechanics are straightforward. SK Hynix is issuing up to 17.79 million new shares, packaged as ADRs for trading on Nasdaq. The ADRs are expected to begin trading on July 10, 2026.
Nasdaq was the deliberate choice here, specifically for its tech-focused investor base. SK Hynix wants in front of the funds that are already allocating heavily to semiconductors and AI infrastructure.
